Canada Forecast: Current Account Balance
1980 - 2028 | Yearly | USD bn | International Monetary Fund
Key information about Canada Forecast: Current Account Balance
- Canada Current Account Balance is forecasted to be -23.601 USD bn in Dec 2023 as reported by International Monetary Fund.
- It records a decrease from the last reported number of -8.318 USD bn in Dec 2022.
- Looking ahead, Canada Current Account Balance is projected to stand at -59.593 USD bn in Dec 2028.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: BPM6: Current Account: USD.
View Canada's Forecast: Current Account Balance from 1980 to 2028 in the chart:
What is Canada's Forecast: Current Account Balance in 2028?
Canada Current Account Balance is forecasted to be -23.601 USD bn in Dec 2023 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -59.593 2028 | -45.517 2027 | -64.620 2012 | 24.072 2004 | USD bn | yearly | 1980 - 2028 |
Forecast: Current Account Balance by Country Comparison
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Includes Forecast: Current Account Balance on 194 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (USD bn) | 2.247 2020 | yearly | 2002 - 2020 |
| Albania (USD bn) | -1.857 2028 | yearly | 1980 - 2028 |
| Algeria (USD bn) | -13.474 2028 | yearly | 1980 - 2028 |
| Andorra (USD bn) | 0.730 2028 | yearly | 2019 - 2028 |
| Angola (USD bn) | 1.256 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (USD bn) | -0.246 2028 | yearly | 2014 - 2028 |
| Argentina (USD bn) | 7.216 2028 | yearly | 1980 - 2028 |
| Armenia (USD bn) | -1.407 2028 | yearly | 1992 - 2028 |
| Aruba (USD bn) | 0.292 2028 | yearly | 1999 - 2028 |
| Australia (USD bn) | -8.934 2028 | yearly | 1980 - 2028 |
| Austria (USD bn) | 1.733 2028 | yearly | 1980 - 2028 |
| Azerbaijan (USD bn) | 7.469 2028 | yearly | 1992 - 2028 |
| Bahamas (USD bn) | -0.947 2028 | yearly | 1980 - 2028 |
| Bahrain (USD bn) | -0.016 2028 | yearly | 1980 - 2028 |
| Bangladesh (USD bn) | -22.176 2028 | yearly | 1980 - 2028 |
| Barbados (USD bn) | -0.358 2028 | yearly | 1980 - 2028 |
| Belarus (USD bn) | 0.410 2028 | yearly | 1992 - 2028 |
| Belgium (USD bn) | 0.100 2028 | yearly | 1980 - 2028 |
| Belize (USD bn) | -0.267 2028 | yearly | 1980 - 2028 |
| Benin (USD bn) | -1.069 2028 | yearly | 1980 - 2028 |
| Bhutan (USD bn) | -0.248 2028 | yearly | 1980 - 2028 |
| Bolivia (USD bn) | -2.145 2028 | yearly | 1980 - 2028 |
| Bosnia and Herzegovina (USD bn) | -1.032 2028 | yearly | 1998 - 2028 |
| Botswana (USD bn) | 1.226 2028 | yearly | 1980 - 2028 |
| Brazil (USD bn) | -67.470 2028 | yearly | 1980 - 2028 |
| Brunei (USD bn) | 3.606 2028 | yearly | 1981 - 2028 |
| Bulgaria (USD bn) | -0.679 2028 | yearly | 1980 - 2028 |
| Burkina Faso (USD bn) | -0.818 2028 | yearly | 1980 - 2028 |
| Burundi (USD bn) | -0.474 2028 | yearly | 1980 - 2028 |
| Cambodia (USD bn) | -3.127 2028 | yearly | 1992 - 2028 |
| Cameroon (USD bn) | -1.489 2028 | yearly | 1980 - 2028 |
| Canada (USD bn) | -59.593 2028 | yearly | 1980 - 2028 |
| Cape Verde (USD bn) | -0.114 2028 | yearly | 1980 - 2028 |
| Central African Republic (USD bn) | -0.223 2028 | yearly | 1980 - 2028 |
| Chad (USD bn) | -0.866 2028 | yearly | 1980 - 2028 |
| Chile (USD bn) | -13.359 2028 | yearly | 1980 - 2028 |
| China (USD bn) | 121.542 2028 | yearly | 1997 - 2028 |
| Colombia (USD bn) | -17.091 2028 | yearly | 1980 - 2028 |
| Comoros (USD bn) | -0.079 2028 | yearly | 1980 - 2028 |
| Congo (USD bn) | 0.107 2028 | yearly | 1980 - 2028 |
| Costa Rica (USD bn) | -2.820 2028 | yearly | 1980 - 2028 |
| Croatia (USD bn) | 0.234 2028 | yearly | 1993 - 2028 |
| Cyprus (USD bn) | -2.587 2028 | yearly | 1980 - 2028 |
| Czech Republic (USD bn) | 9.847 2028 | yearly | 1995 - 2028 |
| Democratic Republic of Congo (USD bn) | -1.913 2028 | yearly | 1980 - 2028 |
| Denmark (USD bn) | 37.131 2028 | yearly | 1980 - 2028 |
| Djibouti (USD bn) | 0.077 2028 | yearly | 1991 - 2028 |
| Dominica (USD bn) | -0.114 2028 | yearly | 2000 - 2028 |
| Dominican Republic (USD bn) | -5.610 2028 | yearly | 1980 - 2028 |
| Ecuador (USD bn) | 2.942 2028 | yearly | 1980 - 2028 |
| Egypt (USD bn) | -12.379 2028 | yearly | 1980 - 2028 |
| El Salvador (USD bn) | -2.296 2028 | yearly | 1980 - 2028 |
| Equatorial Guinea (USD bn) | -0.945 2028 | yearly | 1987 - 2028 |
| Eritrea (USD bn) | 0.380 2028 | yearly | 1992 - 2028 |
| Estonia (USD bn) | 0.175 2028 | yearly | 1993 - 2028 |
| Swaziland (USD bn) | 0.160 2028 | yearly | 1980 - 2028 |
| Ethiopia (USD bn) | -4.771 2028 | yearly | 1980 - 2028 |
| Fiji (USD bn) | -0.643 2028 | yearly | 1980 - 2028 |
| Finland (USD bn) | -4.460 2028 | yearly | 1980 - 2028 |
| France (USD bn) | -10.790 2028 | yearly | 1980 - 2028 |
| Gabon (USD bn) | -0.804 2028 | yearly | 1980 - 2028 |
| Gambia (USD bn) | -0.296 2028 | yearly | 1980 - 2028 |
| Georgia (USD bn) | -1.923 2028 | yearly | 1995 - 2028 |
| Germany (USD bn) | 290.582 2028 | yearly | 1980 - 2028 |
| Ghana (USD bn) | -2.826 2028 | yearly | 1980 - 2028 |
| Greece (USD bn) | -8.363 2028 | yearly | 1980 - 2028 |
| Grenada (USD bn) | -0.182 2028 | yearly | 2014 - 2028 |
| Guatemala (USD bn) | 0.658 2028 | yearly | 1980 - 2028 |
| Guinea (USD bn) | -0.916 2028 | yearly | 1980 - 2028 |
| Guinea-Bissau (USD bn) | -0.095 2028 | yearly | 1980 - 2028 |
| Guyana (USD bn) | 6.720 2028 | yearly | 1980 - 2028 |
| Haiti (USD bn) | -0.370 2028 | yearly | 1980 - 2028 |
| Honduras (USD bn) | -1.583 2028 | yearly | 1980 - 2028 |
| Hong Kong SAR, China (USD bn) | 21.870 2028 | yearly | 1980 - 2028 |
| Hungary (USD bn) | 0.141 2028 | yearly | 1980 - 2028 |
| Iceland (USD bn) | 0.584 2028 | yearly | 1980 - 2028 |
| India (USD bn) | -140.980 2028 | yearly | 1980 - 2028 |
| Indonesia (USD bn) | -30.326 2028 | yearly | 1980 - 2028 |
| Iran (USD bn) | 10.226 2028 | yearly | 1980 - 2028 |
| Iraq (USD bn) | -15.198 2028 | yearly | 2001 - 2028 |
| Ireland (USD bn) | 53.083 2028 | yearly | 1980 - 2028 |
| Israel (USD bn) | 19.567 2028 | yearly | 1980 - 2028 |
| Italy (USD bn) | 53.518 2028 | yearly | 1980 - 2028 |
| Ivory Coast (USD bn) | -4.178 2028 | yearly | 1980 - 2028 |
| Jamaica (USD bn) | -0.416 2028 | yearly | 1980 - 2028 |
| Japan (USD bn) | 210.427 2028 | yearly | 1980 - 2028 |
| Jordan (USD bn) | -1.369 2028 | yearly | 1980 - 2028 |
| Kazakhstan (USD bn) | -9.876 2028 | yearly | 1992 - 2028 |
| Kenya (USD bn) | -7.418 2028 | yearly | 1980 - 2028 |
| Kiribati (USD bn) | 0.020 2028 | yearly | 1980 - 2028 |
| South Korea (USD bn) | 73.254 2028 | yearly | 1980 - 2028 |
| Kosovo (USD bn) | -0.723 2028 | yearly | 2000 - 2028 |
| Kuwait (USD bn) | 21.986 2028 | yearly | 1980 - 2028 |
| Kyrgyzstan (USD bn) | -1.170 2028 | yearly | 1992 - 2028 |
| Laos (USD bn) | -1.021 2028 | yearly | 1980 - 2028 |
| Latvia (USD bn) | -1.090 2028 | yearly | 1992 - 2028 |
| Lebanon (USD bn) | -3.700 2020 | yearly | 1980 - 2020 |
| Lesotho (USD bn) | -0.088 2028 | yearly | 1980 - 2028 |
| Liberia (USD bn) | -0.947 2028 | yearly | 2000 - 2028 |
| Libya (USD bn) | -2.309 2028 | yearly | 1980 - 2028 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.1 Dec 2022 | quarterly | Jun 1993 - Dec 2022 |
| Consolidated Fiscal Balance (USD mn) | 7,085.625 Feb 2023 | monthly | May 1992 - Feb 2023 |
| Tax Revenue (USD mn) | 28,163.371 Feb 2023 | monthly | Jan 1996 - Feb 2023 |
| Tax Revenue: % of GDP (%) | 12.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| National Government Debt (USD mn) | 1,473,046.8 2022 | yearly | 1962 - 2022 |
| Government Debt: % of GDP (%) | 71.3 2022 | yearly | 1962 - 2022 |
| Forecast: Government Expenditure (CAD bn) | 1,403.695 2028 | yearly | 1980 - 2028 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,404.401 2028 | yearly | 1980 - 2028 |
| Budgetary Revenue (CAD mn) | 38,815.000 Jan 2023 | monthly | May 1992 - Jan 2023 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -1,983.000 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Budgetary Expense (CAD mn) | -37,309.000 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 31,136.000 Dec 2022 | monthly | Jan 1996 - Dec 2022 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,658.000 Feb 2023 | monthly | Jan 1996 - Feb 2023 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 542,400.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Expense (CAD mn) | 535,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Balance (CAD mn) | 4,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 71,400.000 2027 | yearly | 2000 - 2027 |
| Net Financing Activities (CAD mn) | -11,689.000 Feb 2023 | monthly | Jan 1996 - Feb 2023 |
| FIN Forecast: Federal Debt (CAD mn) | 1,246,700.000 2028 | yearly | 1997 - 2028 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.689 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 710.4 Mar 2023 | monthly | Jan 1988 - Mar 2023 |
| Total Exports (USD mn) | 49,935.6 Jan 2023 | monthly | Jan 1988 - Jan 2023 |
| Total Exports Growth (%) | 6.4 Feb 2023 | monthly | Jan 1989 - Feb 2023 |
| Aluminum: Exports (USD th) | 9,881,908.000 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 8,651,176.943 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 951,763.844 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 45,743.3 Mar 2023 | monthly | Jan 1988 - Mar 2023 |
| Total Imports Growth (%) | 0.0 Mar 2023 | monthly | Jan 1989 - Mar 2023 |
| Imports: Medicament (USD th) | 9,962,257.486 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,570,531.231 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 34,901.411 Mar 2023 | monthly | Jan 1988 - Mar 2023 |
| Total Imports from USA (USD mn) | 29,320.909 Mar 2023 | monthly | Jan 1997 - Mar 2023 |
| Total Exports to China (USD mn) | 2,116.568 Mar 2023 | monthly | Jan 1997 - Mar 2023 |
| Total Imports from China (USD mn) | 3,963.431 Feb 2023 | monthly | Jan 1997 - Feb 2023 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 1,714.000 Dec 2022 | monthly | Jan 1977 - Dec 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,124.200 Jan 2023 | monthly | Jan 2022 - Jan 2023 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 38,703.231 Feb 2023 | monthly | Jan 2022 - Feb 2023 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 954,559.686 Feb 2023 | monthly | Jan 1988 - Feb 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.3 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Household Debt: % of GDP (%) | 101.4 Dec 2022 | quarterly | Mar 1969 - Dec 2022 |
| Money Supply M1 (USD mn) | 1,119,347.826 Feb 2023 | monthly | Mar 1975 - Feb 2023 |
| Money Supply M2 (USD mn) | 1,795,212.569 Mar 2023 | monthly | Jan 1968 - Mar 2023 |
| M2 Growth (%) | 3.1 Mar 2023 | monthly | Jan 1969 - Mar 2023 |
| Foreign Exchange Reserves (USD mn) | 81,835.0 Mar 2023 | monthly | Jun 1999 - Mar 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 3.727 Dec 2022 | quarterly | Jun 1999 - Dec 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Jan 2023 | monthly | Jun 1999 - Jan 2023 |
| Gold Reserves (USD mn) | 0.000 Mar 2023 | monthly | Dec 1956 - Mar 2023 |
| Total Deposits (USD mn) | 4,249,123.780 Jan 2023 | monthly | Jan 2009 - Jan 2023 |
| Total Deposits Growth (%) | 9.3 Jan 2023 | monthly | Jan 2010 - Jan 2023 |
| Domestic Credit (USD mn) | 4,482,583.0 Feb 2023 | monthly | Jan 1969 - Feb 2023 |
| Domestic Credit Growth (%) | 5.8 Jan 2023 | monthly | Jan 1970 - Jan 2023 |
| Debt Service Ratio: Households (%) | 13.500 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.400 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Credit to Households (USD bn) | 2,061.219 Sep 2022 | quarterly | Mar 1969 - Sep 2022 |
| Credit to Private Non-Financial Sector (USD bn) | 4,334.988 Sep 2022 | quarterly | Mar 1954 - Sep 2022 |
| Household Debt (USD mn) | 2,071,875.7 Feb 2023 | monthly | Jan 1969 - Feb 2023 |
| Total Loans (USD mn) | 3,015,081.522 Feb 2023 | monthly | Jan 1969 - Feb 2023 |
| Total Loans Growth (%) | 6.67 Mar 2023 | monthly | Jan 1970 - Mar 2023 |
| Private Debt: % of Nominal GDP (%) | 218.19 Dec 2022 | quarterly | Mar 1969 - Dec 2022 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,408,096.000 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,505,209.000 Mar 2023 | monthly | Mar 1975 - Mar 2023 |
| Money Supply: M1+: Gross (CAD mn) | 1,554,907.000 Dec 2022 | monthly | Mar 1975 - Dec 2022 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,428,025.000 Mar 2023 | monthly | Jan 1968 - Mar 2023 |
| Money Supply: M3: Gross (CAD mn) | 3,429,874.000 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,417,874.000 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Official International Reserves (USD mn) | 109,960.000 Mar 2023 | monthly | Dec 1994 - Mar 2023 |
| Official International Reserves: Gold (USD mn) | 0.000 Feb 2023 | monthly | Dec 1994 - Feb 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -24.6 Feb 2023 | monthly | Dec 2001 - Feb 2023 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 51.600 Feb 2023 | monthly | Dec 2000 - Feb 2023 |
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